Bullish Bounce

Key Levels:
Resistance: 1799.444
Pivot: 1783.782
Support: 1776.572

Preferred Case:
Prices are consolidating in an inverse head and shoulders pattern. We see potential for a climb from our Pivot at 1783.782 in line with 78.6% Fibonacci retracement and graphical overlap towards our 1st resistance at 1799.444 which is an area of fibonacci confluences.

Alternative Scenario:
Alternatively, prices may dip towards our 1st support at 1776.572 which is a graphical swing low.